Alex Hamric Acquires Multifamily In East Boston From Angel Martinez For $960,000
277 Havre Street
$960,000
$252/SF
Building Size
3,805 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
The multifamily property located at 277 Havre Street in East Boston, MA, was sold for $960,000. This property consists of 3 units with a total square footage of 3,805, resulting in a price per unit of $320,000 and a price per square foot of $252.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Units: 3
- Square Footage: 3,805
- Price per Unit: $320,000
- Price per Square Foot: $252
- Address: 277 Havre Street
- Market: East Boston, MA
- Buyer: Alex Hamric
- Seller: Angel Martinez
- Broker: Tyler Bates - Grove Property Group
Alex Hamric acquired the property from Angel Martinez in this transaction. The deal was facilitated by Tyler Bates from Grove Property Group, representing the parties involved in the sale.
Players
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93